Schneider first to sign Mifid tri-party reporting tool

London-based prop trading firm to use a service from Abide, Corvil and Icap

London-based broker Schneider Trading has
become the first client to sign up to use a Mifid II reporting
service from three fintech firms working together to provide an
off-the-shelf reporting tool.

Schneider Trading has become the first to
sign up as an early adopter of a tri-party service from Abide
Financial,
a reporting firm minority-owned by Icap, data analytics
specialist Corvil and Icap Information Services which is
contributing historical data.